I wonder if
this s
wife
nur
THE JAPANESE HAVING
TADE A VERY BAD STARTER BY TRYING
TO GO FOR A LOAN SOLUTION HAVE NOW ADOPTED A
AD STARTED BY TRY
MUCH MORE
SENSIBLE** APPROACH. HE CONETRATED THAT THEY HAVE OFFERED AN INTEREST RATE APPROXIMATELY THE SAME AS IN OUR PROPOSAL DUT DIFFERENTLY COMPOSED AND HAVE PROPOSED A LUMP SUM WHICH IS NOT RELATED TO THE OFF SHORE ELEMENT. IN RESPONSE TO A DIRECT QUESTION HE SAID THAT THEY HAVE NOT YET BEEN CLEAR ON THE QUESTION OF CAPITALISATION OF INTEREST BUT ARE 'SHILLY-SHALLYING
UX ARE** *
JUST AS
HE STRESSED THAT NO ATTEMPT HAS YET BEEN MADE TO COMPARE THE FOUR PROPOSALS OR MAKE A CHOICE BETWEEN THEM BECAUSE THERE IS NOT YET ENOUGH INFORMATION FROM THEM ALL ON WHICH TO BASE A CHOICE, THIS IS PURPOSE OF THE NEGOTIATIONS ABOUT TO BEGIN,
NEXT STEPS.
WE NOW NEED TO TELL HADDON CAVE AS SOON AS POSSIBLE WHO WILL BE COMING FROM THE UK CONSORTIUM FOR THE FIRST ROUND STARTING ON 10 MARCH, MY RECOMMENDATION WOULD BE TO KEEP TEAM FAIRLY SMALL AND AT APPROXIMATELY NUMBER TWO LEVEL WITH EXPERTISE TO PRODE HONG KONG WISHES. AT THIS STAGE THERE SHOULD BE NO NEED TO ENTER INTO ANY COMMITTMENT EITHER FOR OR AGAINST CONCESS- IONS BUT MERELY TO GET THE FACTS, AND THE MOOD, FOR REFERENCE BACK, FOR SECOND ROUND (IE EARLY JE APRIL) TEAM SHOULD PROBABLY
IN BE COMPOSED OF TOP MEN (INCLUDING FROM ECGD) ABLE TO
ENTER INTO COMMITMENTS MORE OR LESS ON THE SPOT, WILL BE DISCUSSING COMPOSITION OF THE CONSORTIUM TEAM FURTHER WITH CLAGUE AND WEEDON IN NEXT DAY OR TWO ABD ADVISE FURTHER THEN, BUT ON *'OFFICIAL? SIDE I WOULD SUGGEST ONE FROM ECGD ON EACH
OCCASION.
THE **LOCAL REPREGENTATIVES** OF THE CONSORTIUM SHOULD ALSO BE
PRESEPT.
SINCE WE MEED TO MAKE THE ACCOMMODATION BOOKINGS (THE TEAMS WILL NOT REPEAT NOT BE GUESTS OF THE HONG KONG GOVERNMENT) AND HOTEL ACCOMMODATION IS CROWDED AT THIS TIME OF YEAR IT WOULD BE HELPFUL TO HAVE THE EARLIEST POSSIBLE INDICATION OF THE NUMBERS IF NOT THE NAMES EVEN BEFORE WE ARE FREE TO NOTIFY THEM TO HADDON CAVE IF
NECESSARY.
WE SHALL BE DISCUSSING WITH CLAQUE THE ARRANGEMENTS FOR AN OPERATIONAL BASE FOR THE TEAM IN HONG KONG,
ASTON